Almost everyone watching the Defence estate is watching what gets built. Meanwhile 58 properties are being divested, 46 owned and 12 leased, across every state and territory, led by the Department of Finance. It came out of the independent Defence Estate Audit, which identified 68 sites. 🔧 The construction angle sits in what has to happen before a sale. The audit estimated roughly $1.2 billion AUD in upfront costs covering staff relocation, contamination remediation, heritage obligations and administration, with net proceeds that could potentially reach around $1.8 billion AUD. What the audit says is on these sites: hydrocarbons, asbestos, lead, PFAS, PCBs, heavy metals, and Defence-specific hazards including unexploded ordnance and explosives residues. Finance's Guide to Commonwealth Property Disposals sets out how contamination gets handled. At minimum, a search of the relevant Environment Protection Authority register. An environmental consultant may then be engaged for a phase 1 non-intrusive examination, or a more detailed phase 2 intrusive assessment with bore holes and soil samples laboratory tested. Separately, a building condition report draws on hazardous material and chemical registers, plus electrical, hydraulic, lift and fire compliance testing. That is a recognisable list of services. If your business does any of it, this program is in your lane. ⏳ The decision point. Where contamination is present it must at minimum be disclosed to buyers, and a decision will need to be made whether remediation occurs prior to sale. The guidance also says the disposal strategy should address whether additional funding is likely to be required to conduct the disposal, such as funding to complete remediation works. So per site, someone documents whether remediation gets funded before sale or the contamination transfers to the buyer with disclosure. Finance has appointed a Strategic Industry Partner to run due diligence and build site-specific divestment strategies, and says timeframes get set after that phase completes. Those calls are being made now.